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Side-by-side financial comparison of FLYEXCLUSIVE INC. (FLYX) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
FLYEXCLUSIVE INC. is the larger business by last-quarter revenue ($92.1M vs $71.1M, roughly 1.3× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -4.6%, a 6.7% gap on every dollar of revenue. On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-11.0M). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% CAGR vs -4.7%).
FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
FLYX vs RMAX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $92.1M | $71.1M |
| Net Profit | $-4.3M | $1.4M |
| Gross Margin | 13.7% | — |
| Operating Margin | -12.3% | 13.1% |
| Net Margin | -4.6% | 2.0% |
| Revenue YoY | 19.8% | -1.8% |
| Net Profit YoY | 32.0% | -75.2% |
| EPS (diluted) | $-0.25 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $71.1M | ||
| Q3 25 | $92.1M | $73.2M | ||
| Q2 25 | $91.3M | $72.8M | ||
| Q1 25 | $88.1M | $74.5M | ||
| Q4 24 | — | $72.5M | ||
| Q3 24 | $76.9M | $78.5M | ||
| Q2 24 | $79.0M | $78.5M | ||
| Q1 24 | $80.0M | $78.3M |
| Q4 25 | — | $1.4M | ||
| Q3 25 | $-4.3M | $4.0M | ||
| Q2 25 | $-4.8M | $4.7M | ||
| Q1 25 | $-5.4M | $-2.0M | ||
| Q4 24 | — | $5.8M | ||
| Q3 24 | $-6.3M | $966.0K | ||
| Q2 24 | $-5.2M | $3.7M | ||
| Q1 24 | $-5.8M | $-3.4M |
| Q4 25 | — | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 12.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | 7.2% | — |
| Q4 25 | — | 13.1% | ||
| Q3 25 | -12.3% | 25.0% | ||
| Q2 25 | -13.5% | 19.3% | ||
| Q1 25 | -16.7% | 7.2% | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | -27.2% | 19.4% | ||
| Q2 24 | -27.6% | 20.6% | ||
| Q1 24 | -34.3% | 5.8% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | -4.6% | 5.4% | ||
| Q2 25 | -5.2% | 6.4% | ||
| Q1 25 | -6.2% | -2.6% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | -8.2% | 1.2% | ||
| Q2 24 | -6.5% | 4.7% | ||
| Q1 24 | -7.3% | -4.3% |
| Q4 25 | — | — | ||
| Q3 25 | $-0.25 | — | ||
| Q2 25 | $-0.26 | — | ||
| Q1 25 | $-0.30 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.32 | — | ||
| Q2 24 | $-0.32 | — | ||
| Q1 24 | $-0.35 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.7M | $118.7M |
| Total DebtLower is stronger | $123.9M | $432.2M |
| Stockholders' EquityBook value | $-434.2M | $452.4M |
| Total Assets | $448.1M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $118.7M | ||
| Q3 25 | $18.7M | $107.5M | ||
| Q2 25 | $15.8M | $94.3M | ||
| Q1 25 | $14.7M | $89.1M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | $18.7M | $83.8M | ||
| Q2 24 | $9.3M | $66.1M | ||
| Q1 24 | $5.3M | $82.1M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | $123.9M | $433.3M | ||
| Q2 25 | $111.6M | $434.4M | ||
| Q1 25 | $121.6M | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | $197.9M | $437.2M | ||
| Q2 24 | $206.3M | $438.1M | ||
| Q1 24 | $209.4M | $439.0M |
| Q4 25 | — | $452.4M | ||
| Q3 25 | $-434.2M | $448.1M | ||
| Q2 25 | $-261.4M | $442.4M | ||
| Q1 25 | $-281.5M | $433.5M | ||
| Q4 24 | — | $429.5M | ||
| Q3 24 | $-192.0M | $423.1M | ||
| Q2 24 | $-149.7M | $418.4M | ||
| Q1 24 | $-149.5M | $412.0M |
| Q4 25 | — | $582.5M | ||
| Q3 25 | $448.1M | $582.2M | ||
| Q2 25 | $443.4M | $574.8M | ||
| Q1 25 | $466.8M | $571.4M | ||
| Q4 24 | — | $581.6M | ||
| Q3 24 | $487.1M | $578.6M | ||
| Q2 24 | $494.7M | $571.4M | ||
| Q1 24 | $524.1M | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-209.0K | $40.9M |
| Free Cash FlowOCF − Capex | $-11.0M | $33.5M |
| FCF MarginFCF / Revenue | -12.0% | 47.1% |
| Capex IntensityCapex / Revenue | 11.7% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.0M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $40.9M | ||
| Q3 25 | $-209.0K | $17.7M | ||
| Q2 25 | $363.0K | $4.6M | ||
| Q1 25 | $-10.5M | $5.7M | ||
| Q4 24 | — | $59.7M | ||
| Q3 24 | $-12.3M | $17.6M | ||
| Q2 24 | $-16.2M | $15.9M | ||
| Q1 24 | $-26.0M | $9.4M |
| Q4 25 | — | $33.5M | ||
| Q3 25 | $-11.0M | $16.4M | ||
| Q2 25 | $353.0K | $2.9M | ||
| Q1 25 | $-14.6M | $4.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | $-25.7M | $16.3M | ||
| Q2 24 | $-26.6M | $14.0M | ||
| Q1 24 | $-64.5M | $6.8M |
| Q4 25 | — | 47.1% | ||
| Q3 25 | -12.0% | 22.4% | ||
| Q2 25 | 0.4% | 4.0% | ||
| Q1 25 | -16.5% | 5.3% | ||
| Q4 24 | — | 73.2% | ||
| Q3 24 | -33.5% | 20.8% | ||
| Q2 24 | -33.7% | 17.8% | ||
| Q1 24 | -80.6% | 8.6% |
| Q4 25 | — | 10.4% | ||
| Q3 25 | 11.7% | 1.8% | ||
| Q2 25 | 0.0% | 2.2% | ||
| Q1 25 | 4.7% | 2.3% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | 17.5% | 1.7% | ||
| Q2 24 | 13.2% | 2.4% | ||
| Q1 24 | 48.2% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | — | 4.29× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLYX
Segment breakdown not available.
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
